Short Interest in Rare Earths Americas, Inc. (NYSEAMERICAN:REA) Increases By ∞

Rare Earths Americas, Inc. (NYSEAMERICAN:REA) saw a significant growth in short interest during the month of May. As of May 15th, there was short interest totaling 148,356 shares, a growth of ∞ from the April 30th total of 0 shares. Based on an average trading volume of 884,117 shares, the days-to-cover ratio is currently 0.2 days.

Rare Earths Americas Stock Performance

Shares of NYSEAMERICAN:REA traded down $0.30 on Monday, reaching $21.55. 129,511 shares of the company’s stock were exchanged, compared to its average volume of 476,746. Rare Earths Americas has a twelve month low of $18.95 and a twelve month high of $30.02.

Analysts Set New Price Targets

REA has been the subject of several recent analyst reports. B. Riley Financial began coverage on shares of Rare Earths Americas in a research report on Monday. They set a “buy” rating and a $28.00 price objective for the company. Canaccord Genuity Group assumed coverage on shares of Rare Earths Americas in a research note on Monday. They set a “buy” rating and a $25.00 price target on the stock. Stifel Nicolaus began coverage on shares of Rare Earths Americas in a research note on Monday. They issued a “buy” rating and a $30.00 price objective on the stock. Finally, Cantor Fitzgerald began coverage on shares of Rare Earths Americas in a report on Monday. They issued a “speculative buy” rating and a $34.00 price objective for the company. Four analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of $29.25.